Spanish coffee chain expands Bitcoin reserves
Vanadi Coffee, that Spanish public coffee chain you might have heard about, just added another 12 Bitcoin to their corporate treasury. I think that brings their total holdings up to 173 BTC. At current prices, that’s worth around $16 million. Not a small amount for a coffee company, really.
They announced the purchase on social media earlier today. The company’s treasury account posted about it, showing they’re continuing with this strategy they started last May. It’s interesting to see a traditional business like a coffee chain getting into Bitcoin this way.
Moving up the corporate Bitcoin rankings
This latest purchase puts Vanadi Coffee at 91st place on the Bitcoin 100 Ranking. That’s the list that tracks which public companies hold Bitcoin on their balance sheets. According to BitcoinTreasuries.net, they’re now sitting in that position among corporate Bitcoin holders worldwide.
What strikes me is that they’re not just doing this as a one-time thing. They’ve been regularly acquiring Bitcoin since last spring. It seems like they’ve made it part of their corporate reserves strategy. Maybe they see it as a long-term store of value, or perhaps they’re hedging against something. I’m not entirely sure, but it’s a clear pattern now.
Spain’s leading public Bitcoin holder
Here’s another thing worth noting: Vanadi Coffee is currently the largest publicly listed Bitcoin holder in Spain. That’s significant, I think. When you consider how many companies are in Spain, and how few have adopted Bitcoin treasury strategies, it puts them in a unique position.
They’re not a tech company or a financial institution either. They sell coffee. That makes their approach somewhat unusual, or at least less common than you might expect. Most corporate Bitcoin holders tend to come from the tech or finance sectors.
A growing trend among businesses
This move fits into a broader pattern we’ve been seeing. More companies are starting to hold Bitcoin as part of their treasury management. Some do it for diversification, others for potential appreciation, and some for both reasons.
Vanadi’s approach seems methodical. They’re not making huge, dramatic purchases all at once. Instead, they’re adding to their position gradually. That suggests a more measured strategy, which might be smarter in the long run. Volatility can be tricky with Bitcoin, so spreading purchases out could help manage that risk.
I wonder if other Spanish companies will follow their lead. Sometimes it takes one business to show the way before others feel comfortable doing something similar. Or maybe they’ll remain something of an outlier. It’s hard to predict these things.
What’s clear is that corporate Bitcoin adoption continues to evolve. It’s not just about the big names anymore. Businesses of various sizes and from different industries are exploring how digital assets might fit into their financial planning. Vanadi Coffee’s ongoing purchases show that this trend hasn’t stopped, even if it’s not making headlines every day.
